Republic First Bancorp shares are trading lower after the Nasdaq notified the company that it will not be listed on the exchange because it has not filed its Form 10-K Annual Report with the SEC for FY22.
Portfolio Pulse from Benzinga Newsdesk
Republic First Bancorp has been notified by Nasdaq that it will not be listed on the exchange due to its failure to file its Form 10-K Annual Report with the SEC for FY22. As a result, the company's shares are trading lower.
August 22, 2023 | 1:55 pm
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Republic First Bancorp's shares are trading lower after the company was notified by Nasdaq that it will not be listed due to non-filing of its Form 10-K Annual Report for FY22.
The delisting notice from Nasdaq is a significant negative event for Republic First Bancorp. The company's failure to file its Form 10-K Annual Report for FY22 is a serious regulatory issue, which has led to a decrease in the company's share price. This event is highly relevant and important for the company's investors, and the impact on the company's share price is expected to be negative in the short term.
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